New Digital-Tax Plan Will Take Time to Create, Treasury Says

The US and other nations will have to take their time and put in the work to reach a digital-taxation agreement that will stick, in the wake of the apparent failure of the OECD’s plan, a senior Treasury Department official said Thursday.

Any solution for taxing digital companies will have to be “evidence-based” and “go back to first principles” like tax certainty and eliminating double taxation, said Rebecca Burch, deputy assistant Treasury secretary for international tax affairs.

“Rushing to solutions that go nowhere is worse for the system,” Burch said at a Federal Bar Association insurance-tax seminar in Washington. ...